Flex Processing and Accounting (FPA) allows health plans
and payors to integrate flexible spending arrangements and Section 125
Plans within a central claims administration framework. Accommodating both
manual entry and fully automated claims processing and payment, there are
a variety of work flow options to choose from. The FPA module is an add-on
module to the CAPS processing platform and fully integrates all of the
key operational components including membership, plan set-up, claims
entry, adjudication and payment.

Utilizes both assumption method and direct method for account deposits

Tracks all deposits and payments for complete audit trails

Ability to draw from the medical reimbursement account for
deductibles, co-payments and other non-covered benefits automatically
during the claims process based on set-up and individual employee
election

Automatic funding option through EFT directly to employee account

A variety of election options which allow for the tailoring of the
payment process by individual employee. Payments can be made directly to
provider of service or to the employee

Handles all pay period cycles

Allows for the establishment of specific flex benefit types within the
framework of the benefit program, or use of the existing benefit codes
set-up within the plan

Key Features

Full or partial integration within one common payment process

Members elect method of payments

Conformance to IRS regulation

Ability to provide electronic funds transfer

Supports manual filing of claims

Customized electronic updates available

Ability to expand to MSA for multi-year roll over

Reporting

Employee election

Used versus available by type/employee

Deposits/payments summary and detail

Claims payment summary/detail

Implementation

W.O. Comstock & Associates provides a complete training and
implementation offering for converting old plans or setting up new plans